Boothbay Fund Management LLC Acquires Shares of 70,544 Ecovyst Inc. (NYSE:ECVT)

Boothbay Fund Management LLC bought a new position in Ecovyst Inc. (NYSE:ECVT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 70,544 shares of the company's stock, valued at approximately $539,000. Boothbay Fund Management LLC owned 0.06% of Ecovyst at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ECVT. Spire Wealth Management grew its stake in Ecovyst by 72.9% during the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company's stock valued at $34,000 after purchasing an additional 1,896 shares in the last quarter. Cibc World Markets Corp acquired a new stake in shares of Ecovyst during the fourth quarter worth approximately $83,000. Virtu Financial LLC acquired a new stake in Ecovyst in the fourth quarter valued at $119,000. AXQ Capital LP acquired a new stake in Ecovyst in the fourth quarter valued at $132,000. Finally, Proficio Capital Partners LLC bought a new position in Ecovyst during the 4th quarter valued at $139,000. Hedge funds and other institutional investors own 86.69% of the company's stock.

Ecovyst Price Performance

NYSE:ECVT traded up $0.06 during mid-day trading on Monday, reaching $6.67. 767,658 shares of the stock were exchanged, compared to its average volume of 939,278. Ecovyst Inc. has a 1-year low of $5.24 and a 1-year high of $9.96. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $782.38 million, a PE ratio of 14.49, a PEG ratio of 1.04 and a beta of 1.06. The business has a fifty day moving average price of $6.27 and a 200 day moving average price of $7.21.

Ecovyst (NYSE:ECVT - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.04. The business had revenue of $162.20 million for the quarter, compared to the consensus estimate of $168.43 million. Ecovyst had a net margin of 7.74% and a return on equity of 7.07%. The business's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.04 EPS. Research analysts expect that Ecovyst Inc. will post 0.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ECVT shares. BWS Financial reiterated a "buy" rating and issued a $12.00 target price on shares of Ecovyst in a research report on Monday. BMO Capital Markets reduced their price objective on Ecovyst from $11.00 to $9.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd.

Ecovyst Profile

Ecovyst Inc offers specialty catalysts and services in the United States and internationally. The company operates in two segments, Ecoservices and Advanced Materials & Catalysts. The Ecoservices segment provides sulfuric acid recycling services and end-to-end logistics for production of alkylate for refineries; and virgin sulfuric acid for mining, water treatment, and industrial applications.